The economic recovery is so sluggish that the Federal Reserve needs to keep easy money policies in place while the government comes to grip with its debts, the International Monetary Fund said on Monday.
The U.S. economy is still not strong enough for the Federal Reserve to start reversing its extremely accommodative monetary policy, a top Fed official said on Saturday.
The carry trade is back and it’s the main theme in the forex market.
Hitting $1472.50 for US investors today, the Gold Price also rose sharply against the British Pound - hitting its best level since New Year at £900 per ounce - but was in flat against most other major currencies. Silver Prices, in contrast, rose to new multi-decade highs across the board.
Dueling views on the outlook for inflation and U.S. monetary policy by two top Federal Reserve officials on Friday underscored divisions at the central bank as it nears the end of a controversial stimulus program.
The surge of hot money that has vexed many emerging markets may slow dramatically once the U.S. Federal Reserve begins raising interest rates, the International Monetary Fund said on Thursday.
Two top Federal Reserve officials offered conflicting views on interest rates on Thursday, one arguing they should stay low for a long time and another saying a rate hike could be in the cards this year.
The Federal Reserve should keep its fed funds target rate very low for a long time and complete its asset purchasing program as scheduled, Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday.
Large financial firms should be allowed to fail or they will continue to take excess risks that lead to crises, Richmond Federal Reserve President Jeffrey Lacker said on Thursday.
Gold is the world's most stable asset and the best gauge of inflation. The National Inflation Association (NIA) says this brand new breakout in the price of gold leads us to believe that the Federal Reserve is getting ready to unleash QE3 at the end of June.
The U.S. economy remains too fragile for the Federal Reserve to begin raising interest rates, the president of the Atlanta Fed, Dennis Lockhart, said on Wednesday.
U.S. stocks ended mixed on Tuesday as weaker-than-expected ISM Services PMI report and hawkish Fed meeting minutes weighed on the sentiment.
U.S. stocks ended mixed on Tuesday as weaker-than-expected ISM Services PMI report and hawkish Fed meeting minutes weighed on the sentiment.
Some Federal Reserve officials last month believed they would have to hold to an easy monetary policy course beyond this year while a few said the central bank should move to tighter conditions before year-end.
Divisions at the U.S. Federal Reserve over how soon to reverse course on monetary policy emerged more clearly last month, although the central bank appeared intent to complete a $600 billion bond-buying plan.
U.S. stocks slightly declined in early trade on Tuesday as investors await the release of the minutes of the latest Federal Reserve Open Market Committee (FOMC) meeting.
U.S. blue-chip stocks eked out small gains Monday in the lightest trading volume all year, but other major indexes finished flat as the technology sector sagged.
U.S. stocks ended mixed on Monday as gains from materials and health care sector shares were offset by declines from technology and financials.
U.S. stocks advanced in early trade on Monday as investors looked to extend a two-week winning streak in the major indexes.
U.S. stocks ended higher on Friday on strong jobs data. The Dow Jones industrial average gained 56.99 points, or 0.46 percent, to 12,376.72. The Standard & Poor's 500 advanced 6.58 points, or 0.50 percent, to 1,332.41. The Nasdaq Composite rose 8.53 points, or 0.31 percent, to 2,789.60.
The Australian stock market closed higher on Friday on stronger international oil prices and as investors looked past overseas negatives to forthcoming economic data from the United States.
Persistent Federal Reserve critic Representative Ron Paul plans to hold a hearing on the central bank's emergency loans to the branches of non-U.S. banks, and could ask a Fed official to testify, his spokeswoman said on Saturday.
